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Commercial building – Polis Chrysochou, Paphos

Paphos - Ref. PR37402Map

Commercial building-Polis Chrysochous-PR37402
Commercial building-Polis Chrysochous-PR37402
Commercial building-Polis Chrysochous-PR37402
Commercial building-Polis Chrysochous-PR37402
Commercial building-Polis Chrysochous-PR37402
Commercial building-Polis Chrysochous-PR37402
Commercial building-Polis Chrysochous-PR37402
Commercial building-Polis Chrysochous-PR37402
Commercial building-Polis Chrysochous-PR37402
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Commercial building – Polis Chrysochou, Paphos

Ref. PR37402

Not subject to VAT

575,000

Indicative Price

Two-storey building in Polis Chrysochou municipality of Paphos District. It is located on the town center, at a distance of 400 meters (approx.) southwest of Polis municipal stadium and 55 meters (approx.) north of Arsinois Avenue.

 It is ideally located close to numerous services and amenities and has excellent access to the beautiful beaches of the surrounding area. In the nearby vicinity there are many touristic developments.

The building was constructed around the year 2012 and according to the architectural plans, the basement consists of parking spaces, the ground floor consists of two shops with a mezzanine  while the 1st floors consist of three apartments. It is noted that on site the ground floor converted into three shops and the 1st floor is converted into two offices.

Shop (No 1) situated on the western part of the building and consists of an open plan area on the ground floor and a kitchenette, storage and toilets on the mezzanine. The internal area of the shop is 129qm (approx.) plus a mezzanine of 66sqm (approx.). The shop is rented for €600/month. 

Shop (No 2A) situated on the eastern part of the building and consists of an open plan area on the ground floor and a kitchenette, storage and toilets on the mezzanine. The internal area of the shop is 62qm (approx.) plus a mezzanine of 30sqm (approx.). The shop is rented for €400/month. 

Shop (No 2B) situated on the central part of the building and consists of an open plan area on the ground floor and a kitchenette, storage and toilets on the mezzanine. The internal area of the shop is 79qm (approx.) plus a mezzanine of 39sqm (approx.). The shop is rented for €300/month. 

Office (No 1) situated on the eastern part of the 1st floor and consists of offices spaces, toilet and veranda. The internal area of the office is 123sqm (approx.). The property is rented for €380/month. 

Office (No 2) situated on the western part of the 1st floor and consists of offices spaces, toilet and veranda. The internal area of the office is 127qm (approx.). The property is rented for €400/month. 

It is noted that the whole building is rented for €2080/month with a return of 4,3% and it is considered as an ideal choice for investment.


THE CLOSING TIME FOR TENDER SUBMISSION IS 10:00 AM EVERY TUESDAY,
UNLESS OTHERWISE SPECIFIED

The Tenderer is exclusively responsible for conducting an inspection of the Property and to take all actions necessary to verify and / or be satisfied on the accuracy of the details of the Property (including planning particulars, boundaries a.o), and in addition to ascertain whether the sale of the Property is subject to VAT and the exact amount payable. In case of disagreement, it is the sole responsibility of the Tenderer to provide relevant evidence to satisfy Altamira Real Estate.

The Terms and Conditions found on the Tender form must be carefully considered prior to submitting an Offer. 

Any photographs, markings, outlines, or other design on the photographs are indicative and for illustration purposes only.

All planning particulars or other features of the property must be checked with the relevant authorities. Altamira Asset Management Cyprus Ltd is not bound to accept the highest or any other offer submitted. 

The above price may be modified without any prior notice.

All information received from Altamira Asset Management Cyprus Ltd (through the website and / or its operators and / or otherwise) is indicative and no guarantee is given for its completeness and / or validity.

District: Paphos

Municipality: Polis Chrysochous

Quarter: Polis Chrysochous

Characteristics

  • Enclosed area: 520 m2
  • Mezzanine: 135 m2
  • Land: 623 m2
  • Year built: 2012
  • Title deed: The property has a separate title deed
  • The property is rented

Services and facilities

  • Parking : 6 Covered
  • G.Optional
  • Swimming pool
  • Air condition
  • Lift
  • Heating
  • Storage room

Land Registry Information

Registration number Sheet/Plan Block Parcel Number
0/10008 26/51 0 448
  • Planning zone: Εβ7
  • Building Coefficient: 90%
  • Coverage Coefficient: 50%
  • Maximum Floors Allowed: 2
  • Maximum Building Height (m): 10

Tender Form

The Tenderers may submit their Tenders within seven (7) calendar days from the publication date displayed on https://www.altamirarealestate.com.cy/ (hereinafter "Altamira Website"). In the case where it is decided that the period of seven (7) calendar days is not sufficient, the period may be extended by an announcement to that effect on Altamira Website as indicated above within the Tender Form Section of each property. Following the expiration of the submission period, if no Tender has been submitted, the property will remain on Altamira Website and the submission period shall be extended on a weekly basis. Otherwise, in the case where a Tender has been received, the property will be removed from Altamira Website.

Location

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Open in Google Maps (35.0362663269043, 32.42802047729492)

Energy Category

energy rating

Owner

COOPERATIVE ASSET MANAGEMENT COMPANY LTD

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